station?
I don't see why not but I'm not familiar with Terra station personally
I tried and gave me an error i dont wanna mess with my seed phrase too much
Exporting mnemonic code from Keplr is easy, important it to Terra wallet I don't know 🤷🏼♀️
Hello. I just started out on Cosmos and I staked my ATOM to a Validator using Keplr Under the Commission area, it says 100% I want to understand what this commission means! Does it means the earnings the Validator makes gets fully distributed to the Stakers or the Validator takes everything home? I ask because I Staked my Atom for some days now and there is no rewards to show for it
100% commission means they take all the rewards, you can use the redelegate function to move away from that validator.
commission is the % of the rewards validator keep. they are usefull for validator to pay server invoices and services.
That is to say, the lower the commission, the more rewards I get to earn? As for the redelegation, it doesn't require me to wait for 21 days right?
Oh, now I understand better. Thanks for the clarification
Yes. The lower the commission, the more rewards you get. Think of it like tax 👍. For the redelegation, you can redelegate now but once you do that you cannot redelegate again. There is a 21 day wait period before you redelegate to a new validator.
for the first Time, no but if you want redelegate again, you need to wait 21 days
'Think of it like tax' more like a service payment. validator without income cannot be sustainable long term
Correct! Which is why I highly suggest that people pick the right validators. Those who add value to the network while securing it. 5-10% commissions are the most common rates
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